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2014-05-22

KBR, Inc.: KBR Wins Project Management Consultancy Contract for Participation in the Major Revamp Program Russia's Largest Refinery

HOUSTON - May 22, 2014
--KBR(NYSE: KBR) announced today it has been awarded a contract for project
management consultancy (PMC) services for the construction of the advanced
oil processing complex which is the part of the major renovation program of
the largest operating refinery in Russia owned by JSC Gazprom Neft. The
refinery is located in Omsk, Western Siberia, Russia.

KBR will provide PMC services for three new process units and offsites and
utilities construction beginning with the front-end engineering and design
phase and continuing through EPC, commissioning and start-up. The PMC will be
executed by KBR's London and Russian Operating Centers.

"KBR appreciates Gazprom Neft's confidence in our ability to deliver PMC
services for this very important refinery renovation program in Omsk" said
Roy Oelking, KBR Hydrocarbons Group President. "This project reinforces KBR's
position in Russia and as a leading contractor for complex project execution
in remote locations."

Expected revenue from the contract will be included in the second quarter 2014
backlog of unfilled orders for the Hydrocarbons segment. The contract value
was not disclosed.

About KBR
KBR is a global engineering, construction and services company supporting the
energy, hydrocarbons, power, industrial, civil infrastructure, minerals,
government services and commercial markets. For more information,
visitwww.kbr.com.

Forward Looking Statement
KBR's most recently filed Annual Report on Form 10-K, any subsequent Form
10-Qs and 8-Ks, and other Securities and Exchange Commission filings discuss
some of the important risk factors that KBR has identified that may affect
the business, results of operations and financial condition. Except as
required by law, KBR undertakes no obligation to revise or update publicly
any forward-looking statements for any reason.

Contact:
Investors

Zac Nagle
Vice President, Investor Relations and Communications
713-753-5082
Investors@kbr.com

Media

Richard Goins
Director, Corporate Communications
713-751-9471
Mediarelations@kbr.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: KBR, Inc. via Globenewswire

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